Corient Private Wealth LLC Has $1.21 Million Holdings in Lincoln National Co. (NYSE:LNC)

Corient Private Wealth LLC lowered its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,152 shares of the financial services provider's stock after selling 30,897 shares during the quarter. Corient Private Wealth LLC's holdings in Lincoln National were worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LNC. Larson Financial Group LLC increased its holdings in Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 530 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Lincoln National in the fourth quarter valued at about $36,000. Crews Bank & Trust acquired a new position in Lincoln National during the 4th quarter worth about $51,000. Versant Capital Management Inc grew its holdings in Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after acquiring an additional 354 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in Lincoln National by 121.7% in the 4th quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,275 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on LNC shares. Barclays increased their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price target on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Finally, Evercore ISI upped their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Lincoln National presently has a consensus rating of "Hold" and a consensus target price of $37.40.

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Lincoln National Trading Down 2.9 %

Shares of NYSE:LNC traded down $1.07 during mid-day trading on Friday, reaching $35.72. The stock had a trading volume of 1,566,121 shares, compared to its average volume of 1,549,557. The firm has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $34.01. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.09 billion, a PE ratio of 1.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, research analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio is presently 9.79%.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.